Digital Financial News

X, YouTube and Telegram asking them to remove pornographic and child sexual abuse material (CSAM) present on their platform. In the notice sent by the ministry of electronics and information technology, all these platforms have been warned that non-compliance with the notice issued would lead to their safe harbour status being withdrawn.

(Reuters) — Investigators at the U.S. Commodity Futures Trading Commission's enforcement division have concluded that the co-founder of Voyager Digital broke derivatives regulations before the failed crypto lender plunged into bankruptcy last year, Bloomberg News reported on Friday.

Microsoft is aiming to close its $69 billion deal for "Call of Duty" publisher Activision Blizzard on Oct. 13 if it gets approval from Britain's antitrust regulator, the Verge reported on Friday, citing a source. The Xbox maker had in July extended the cutoff date for the deal to Oct. 18 to get more time to secure approval from the UK.

₹11,000, were made available last month. The Magnite Kuro is characterized by its entirely black exterior and interior, effectively making it the black edition of one of India's most budget-friendly SUVs. "Kuro" is the Japanese word for "Black" in English.

₹5 lakh crore have been undertaken," read the Statement on Developmental and Regulatory Policies, issued on October 6. Under tokenisation services, a unique alternate code is generated to facilitate transactions through cards. It is the process of substituting a 16-digit customer card number with a non-sensitive equivalent value, referred to as a token.

Kaustubh Pawaskar, DVP, Fundamental Research, BNP Paribas, says “prior to election years, we see the government increasing spending in the rural markets or agri economy and that should augur well for rural demand and to see a good bit of recovery in the quarters ahead. Urban consumption demand is quite stable over there. Once rural is back on track, we should see volume growth gradually recovering and that is expected from Q2 with a bit of help from the festive demand which is going to be there in October and November.” In the FMCG pack, Marico consolidated revenue is marginally lower on a year-on-year basis. GCPL is also a bit weak-ish in terms of volumes. What is your view on the FMCG pack as a whole for Q2? Q2 is going to be a weak quarter for the consumer good companies.

Bolt Earth announced on Friday that it has raised $20 million in a funding round. The round saw participation by US-based venture firm Union Square Ventures, early-stage venture capital (VC) company Prime Venture Partners, and the Investment Trust of India-backed ITIGO Funds, among others. It did not disclose a valuation for the fundraise.

Jayesh Mehta, MD & India Country Treasurer, BoA, says for the time being, RBI MPC would like the overnight rates to be more towards MSS rather than the repo rate. It looks very clear. The market had expected that to continue. In fact, people were expecting all kinds of stuff including CRR hike, more VRRR and stuff like that. How are you analyzing the liquidity situation? ICRR is gone now. We are heading into a festive season where demand for cash in circulation goes up. What is your assessment? We do expect that liquidity will come back.

The global minimum tax is arguably the most important topic in the much talked-about international tax reform, with implications for both developed and developing countries. While taxing the digital economy has taken the limelight in the headlines, the global minimum tax has the potential to have a significant impact, especially on developing nations.

In recent years, India has been struggling with a steep surge in cyberattacks, as per CERT-In, a governmental body entrusted with safeguarding the nation’s cyberspace. In 2020, the agency recorded a staggering 11.58 lakh cyberattacks, a figure that surged to 14.02 lakhs in 2021, only to slightly dip to 13.91 lakhs in 2022.

(Reuters) — The Russian rouble weakened on Friday, dropping to a more than seven-week low past 101 against the dollar, under pressure from lower oil prices and the reduced supply of foreign currency from exporters at the start of the month.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “we are back to being neutral to overweight on cement, so that is one big change in stance. The second stance is that we were heavily underweight in pharma; we moved that to neutral because we see a lot of selective stocks that we can buy there. The third is in terms of the new-age IPOs. We are buying into these IPOs a few months after listing because the IPOs tend to have the prices jacked up a bit. Markets, a bit of a yes and no here. Bond yields are going higher. FIIs are selling. The logic is that if yields are going higher, FIIs will sell more and that will weigh down Indian markets. Is there logic in assuming that? No, some amount but I would say that it is more about the trend in future yields rather than the absolute level of the yields.

5G network roll-out in India has been remarkable and the country is among the top three nations with the largest 5G installed base in the world, a top Nokia official said. Nokia President and CEO Pekka Lundmark was addressing an event during the inauguration of the company's 6G research lab in Bengaluru on Thursday. «5G roll-out in India is truly remarkable. This has been one of the fastest telecom network roll-outs ever and means India is now among the top three countries in the world that have the largest 5G installed base, with 5G download speeds beating those found in many advanced markets,» Lundmark said. While there has been a decline in telecom gear shipment across major geographies, the 5G roll-out in India has been able to offset a dip in the business of Ericsson and Nokia. Nokia posted 333 per cent growth in India sales at about Rs 9,500 crore in the June quarter of 2023. Ericsson reported 74 per cent growth in net sales in the June 2023 quarter in «South East Asia, Oceania and India» to around Rs 10,700 crore of which around 90 per cent of its business comes from India. Reliance Jio and Bharti Airtel are expected to invest about Rs 75,000 crore in the current financial year to strengthen their networks, according to a report by JM Financial. According to the report, Jio may invest around Rs 42,000 crore and Bharti Airtel around Rs 33,000 crore in FY24, but the investment will taper down after their 5G network roll-out target is met as per their announcement. «We are satisfied with this work so far — but there is still more to do.

X has stripped headlines from news articles shared by users, in a move likely to further worsen relations with media groups. The tycoon has long railed against the "legacy media" and claims X, formerly Twitter, is a better source of information.

Banks do try to impose some costs on high-volume users, and the government gives them money to promote low-value online transactions and make formal credit available to disadvantaged groups like street vendors. Yet, a lot of the lenders complain about being made to watch the swelling wave of online payments from the sidelines, rather than being allowed to ride it. Without a profit motive, how will India sustain an industry that — starting from nowhere seven years ago — has come to transact nearly $2 trillion of value annually? It appears that those concerns are overblown.

China has taken another step forward in its digital yuan pilot – connecting its CBDC platform to Hong Kong’s Fast Payment System (FPS).

The Economic Times Startup Awards in Bengaluru on October 7. Union cabinet minister Piyush Goyal and minister for state Rajeev Chandrasekhar will be the guests of honour at the marquee event where the country’s most coveted prize for entrepreneurial excellence will be presented to the winners of the 2023 edition.

(Reuters) — MGM Resorts (NYSE:MGM) International said on Thursday operational disruptions due to a cybersecurity issue in September are expected to have a negative impact on its third-quarter results.

Synthesis empowers creators of all backgrounds, offering education, cutting-edge tools, and innovative models to harness the potential of web3, AI, and XR. Their vision is to connect artists, creators, and technology, transforming the digital landscape.We're excited to announce, a strategic alliance between Synthesis and ANSG, a renowned name in Web3 marketing, we have found ourselves another disrupter in the space. This collaboration marks a commitment to expand the horizons of what digital assets can achieve, transitioning beyond mere speculation to a world of tangible value creation and diversified market penetration.

Bitcoin, the world's most valuable cryptocurrency, has seen a recent dip in trading value, currently resting at around $27,700, which is below its $28,000 threshold. However, this fluctuation in price may be due to the overall stability of traditional financial markets, which can be partly attributed to the slow growth rate of the US job market.

Daylight saving time 2023 will come to an end on Nov. 5, so consider this a sign and set an alert so you don’t forget to adjust your clock back one hour when the time comes.Canadians in most time zones can “fall back” on Saturday, Nov.